Emrut

Emrut

We can see the reverse head&shoulders formation started in January of 2018 has been now completed the first shoulder and head. Right now, we are in the beginning phase of second shoulder formation. Most probably by January 2020, reverse head&shoulders formation will be completed and the value will test 162 which is the resistance of uptrend started in 2018. Also...

Emrut Updated 

Gold is now in an upwards channel right now. Every day value is going higher. We have to watch the channel. There are some short time buy&sell opportunities inside the channel. RSI broke the downtrend channel and confirming the up move also. If the price breaks the channel’s resistance it may form a flag pattern and go up one more stick of flag. You can see it...

Emrut

Even for short term corrections may happen, values are getting higher and higher each day. We can see the double dip to the purple baseline of triangle and than a steep upwards move came. When the purple triangle will be completed, I'm expecting a steep rally upwards. First target will be 219 which as ATH (all time high) and than it will set a new...

Emrut

S&P 500 index funds has a characteristic, once the value breaks support of uptrend line it makes a steep downturn for a short period. Right after down movement, a new uptrend rally starts. Let’s see a few examples, look at the green uptrend lines In the short term we have two scenarios; 1. Green Arrow; If the value bounces from the 2914 support or from...

Emrut Updated 

Downtrend started in July 10th has been broken yesterday and new bearish move may have been stareted yesterday. Critical point of BTC isto break 10228 USD. After this break next target will be 10812, 11117 and 11722 followingly. RSI and SAR is also supportinig the move and Moving Average broke the Bollinger baseline upwards.

Emrut Updated 

After the customs tax news yesterday, it had been a steep loss on USD against JPY. Today I expect a bounce back from USD. At least to the levels between 107,787 and 108,998. RSI may start to show uptrend on hourly chart shortly.

Emrut Updated 

Firstly USD/ZAR weekly downfall (yellow lines) started in 03/09/18 is still continuing and it may continue until May 2020. It's also supported by RSI and Parabolic SAR indicators. Support line of this trend is 13,82. You can see the chart attached below; On the other hand when you zoom in to daily chart; Steep downtrend in green line has been broken both on...

Emrut Updated 

In hourly movements btc is ready to finish flag pattern and to go up to 8500-8800 usd